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Schneider Electric makes $5bn bid to buy Invensys

Schneider Electric has launched a $5bn bid to buy the British industrial software and control systems supplier Invensys. Invensys’ board has told Schneider that it is likely to recommend that its shareholders should accept the offer, but there is speculation that other bidders may enter the fray, possibly including Emerson, GE or ABB.

Falling HMI prices led to a shrinking market during 2012

The global market for operator terminals shrank by 3.3% during 2012, to a total value of $2.2bn. The decline, following two years of strong double-digit growth, was due largely due to the prices of operator terminals falling by an average of 4% during the year, according to a new report from IMS Research, now part of IHS.

Electric vehicle motor sales will hit $2.8bn by 2020

Global sales of motors used to drive electric and hybrid vehicles will grow from $965m in 2013 to more than $2.8bn by 2020, according to a new report from Navigant Research.

US bearings-maker acquires German ceramics specialist

The American bearings supplier New Hampshire Ball Bearings (NHBB) has acquired the German firm Cerobear, which specialises in producing bearings incorporating advanced ceramics.

NI expands motion controls tie-up with Kollmorgen

National Instruments is expanding its motion control collaboration with Kollmorgen to offer products including drives, motors, linear positioners, gearheads, cables and accessories. It says that the collaboration will simplify the design of sophisticated machinery and equipment.

26 tonnes of fake bearings are destroyed in Germany

The German bearings manufacturer Schaeffler has destroyed 26 tonnes of counterfeit bearings, valued at more than €1m, following raids on bearing distributors across Europe, including in Italy, Germany and the UK.

Singapore trains will be retrofitted with PM synchronous motors

The Singapore railway operator SMRT is refitting 66 commuter trains with permanent magnet synchronous motors (PMSMs) in a move that is expected to cut power consumption by 30%, reduce noise levels, and improve the operating efficiency of the trains.

Global sales of robots dipped slightly during 2012

Global sales of industrial robots during 2012 were the second-highest on record, according to the latest figures issued by the International federation of Robotics (IFR). More than 159,000 robots were sold worldwide – almost as high as the record figure of 165,000 achieved in 2011.

Industrial Internet ‘could be worth $1,700bn by 2020’

Expenditure on the Industrial Internet will soar from $20bn in 2012 to around $514bn by 2020, while the cumulative net value created by the Industrial Internet will amount to $1,700bn by 2020 – according to a pair of new reports from the Wikibon project, a global community dedicated to improving the adoption of technology through the sharing of free advisory knowledge.

Automation sales will surge by 6.2% in 2013 to hit $170bn

The global market for industrial automation equipment (IAE) will expand by 6.2% this year to reach around $170bn, helped in part by a manufacturing recovery in the first quarter, says a new report* from IMS Research, now part of IHS.

Melrose sells Marelli to the Carlyle Group for €212m

The UK-based engineering turnaround specialist Melrose Industries is selling its Italian motors and generators business, Marelli Motori, to the Carlyle Group for €212m in cash. The disposal is conditional on anti-trust approvals and is expected to complete in August 2013.

Ulrich Spiesshofer succeeds Joe Hogan as ABB’s CEO

ABB has announced that Ulrich Spiesshofer, currently head of its Discrete Automation and Motion (DM) division, will succeed Joe Hogan as chief executive officer on September 15, 2013. Hogan, who announced his resignation in May, will continue with ABB for some months as a senior advisor to the board.

Traction motor industry faces ‘a very nasty surprise’

A new market study has condemned manufacturers of electric traction motors as being “an industry structured for the past that is going to have a very nasty surprise when the future comes”.

Relays sales shrank in 2012, but will recover in 2013

After two years of double-digit growth, the global market for electromechanical and solid-state relays dropped by $125m (3.6%) last year to around $3.35bn, according to a new report from IMS Research, now part of IHS.

Vacon drives ‘saved a day of global electricity output in 2012’

The Finnish drives-maker Vacon estimates that its AC drives products saved their users about 50TWh last year – the equivalent of 20 hours of global electricity production, or the annual output from nine 700MW nuclear reactors, or the annual electricity consumption of about 11 million European homes.